Big Changes For Title Insurance

Gary Wolff from mytitleins.com claims that with real estate professionals working at home that traditional title insurance reps will no longer be as importnat for sales.

 

 

 BrokerIPTV  : Today we are talking with Gary Wolff, owner and operator of www.mytitleins.com. Gary thanks for being with us. Tell me a little bit about the Title Insurance industry, is it changing and how?

 
Gary Wolff: Well it is been after spending 32 years in the business. I have actually come up with some ideas with myself. I believe will be quite innovative now for the industry. They have been in the spot light for quite a few years. Some very interesting issues ranging from reinsurance issues, kickbacks the inducements, may be cutting rates and its time for them to change and I think they have also recognize that themselves.

 
BrokerIPTV  : Really? I dont know so lot of title companies spending a tremendous amount time and money on education. Talk a little bit about that part of the business?

 
Gary Wolff: Well, I think its good that the industry provides the education. There is a lot of people that need to understand more about title insurance and thats really what our website is also about is providing more information for the real-estate professional. I think most of the companies provide educational packages and continuing, they have two real-estate professionals and I think that will continue because its we always be needed.

 
BrokerIPTV  : What about marketing with the real-estate agent. There are some limitations on what title companies can do, your thoughts on that area?

 

Gary Wolff: Well, my thoughts on the marketing aspect I think are going to be a little bit different, just because on looking at a big change in the marketing aspect. I dont in vision in the future that the marketing reps will be out there in full force or calling on the real-estate professionals as they do on a daily basis. I think there is going to be changes that will make the industry more efficient and provide more value without having as much marketing on the streets.

 
BrokerIPTV  : You mean that we will probably be more electronic with out title company is that it, they are going to our marketing will be more electronic?

 
Gary Wolff: Yes, I would agree with that because most of the real-estate professionals now working out of their home.

 
BrokerIPTV  : Gary, great talking with you, thanks very much, much success to mytitleins.com.

 
Gary Wolff: Thank you, yeah.



http://www.brokeriptv.com/000037
Posted on October 19, 2007 01:52:16 by Mark Eibner
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